The Only Difference Between C & F and CIF Shipping

question 3

Multiple Choice

The only difference between C & F and CIF shipping contracts is:

• A)C & F shipping contracts do not require the seller to insure the goods
• B)CIF shipping contracts do not require the seller to insure the goods
• C)CIF shipping contracts do not include the cost of shipping
• D)C & F shipping contracts do not include the cost of shipping

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Definitions:

Bootstrapper

An individual who starts a business using limited resources and without significant external financial support.

Resource Ownership

The legal rights to possess, use, and dispose of resources such as land, buildings, goods, or intellectual property.

Corporation

A legal entity that is separate from its owners, with its own rights and responsibilities, allowing it to own property, sue or be sued, and enter contracts.

Board of Directors

A group of individuals elected to represent shareholders and oversee the management and major decisions of a corporation.